The 407 ETR is the world’s first open road, all electronic toll highway.
The 407 ETR in Toronto, Ontario (Canada) is a 67.1-mile long project that spans from Burlington (in the west) to Pickering (in the east) and runs parallel to the city’s 401 ring road, which is one of North America’s most congested roadways. The central portion of the highway was opened by the Ontario government in June 1997 and tolling of the world’s first all-electronic, open-access toll highway began that October. In 1998, the Ontario government announced its decision to release an international public tender for the lease of a concession to operate and expand the highway.
In 1999, the 407 ETR Concession Company Limited, a consortium led by Cintra, assumed operations of the project under a 99-year Design-Build-Finance-Operate-Maintain (DBFOM) contract that includes the O&M of the highway for 99-years. Since its opening in 1999, the 407 ETR has never received a noncompliance or unavailability deduction.
|Facility Type:||Toll road|
|Start of Concession:||1999|
|End of Concession:||2098|
|Term of Concession:||99 Years|
|Concession Company:||407 ETR Concession Company Limited|
|Client:||Ministry of Transportation of Ontario (MTO)|
|Equity Structure:||43.23% [RS1] Cintra Infraestructuras S.A.; 30% Intoll; 16.77% SNC Lavalin; 10% CPPIB|